Equinor ASA (NYSE:EQNR) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lowered its position in Equinor ASA (NYSE:EQNR) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,591 shares of the company’s stock after selling 2,418 shares during the quarter. Cerity Partners LLC’s holdings in Equinor ASA were worth $576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Manchester Capital Management LLC acquired a new position in shares of Equinor ASA in the fourth quarter worth about $33,000. Synergy Asset Management LLC purchased a new position in shares of Equinor ASA during the 4th quarter valued at approximately $36,000. R Squared Ltd purchased a new position in shares of Equinor ASA during the 4th quarter valued at approximately $48,000. Brooklyn Investment Group bought a new position in Equinor ASA during the 4th quarter valued at $61,000. Finally, Smartleaf Asset Management LLC grew its holdings in Equinor ASA by 325.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,944 shares of the company’s stock worth $92,000 after acquiring an additional 3,016 shares in the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EQNR. StockNews.com cut shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Friday, February 14th. Nordea Equity Research raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Danske upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Morgan Stanley lowered their target price on shares of Equinor ASA from $30.90 to $28.20 and set an “overweight” rating on the stock in a research note on Monday, March 17th. Finally, Hsbc Global Res raised Equinor ASA to a “strong-buy” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Equinor ASA presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.10.

Equinor ASA Stock Down 0.9 %

Shares of EQNR opened at $23.23 on Monday. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $29.32. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 1.48. The firm has a market capitalization of $64.89 billion, a P/E ratio of 7.47, a P/E/G ratio of 0.58 and a beta of 0.58. The company has a 50-day simple moving average of $23.89 and a 200-day simple moving average of $24.03.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. On average, equities research analysts expect that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.304 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.22 annualized dividend and a yield of 5.23%. Equinor ASA’s dividend payout ratio is currently 38.91%.

Equinor ASA Profile

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.